20/7/2016

Consolidated Report on Payments to Governments

 

ANNOUNCEMENT

Consolidated Report on Payments to Governments

( article 6 L.3556/2007)

Titan Cement Company S.A. announces pursuant to article 6 of L.3556/2007  that TITAN Group has paid

from 1/1/2015 to 31/12/2015 to Governments ( i.e. national , regional or municipal authorities of EU

Member States and third countries) the total amount of Euro 16.846.281,12 for extracting operations as specified below:

 

 

 

 

GROUP COMPANIES

COUNTRY

PAYMENT TYPE

AMOUNT

TITAN CEMENT S.A.

GREECE

Quarry Rental Fees

920.383,40 €

Municiplality Taxes

112.626,25 €

INTERBETON S.A.

GREECE

Quarry Rental Fees

2.717.299,66 €

Municipality Taxes

462.602,94 €

Concession Rights

116.137,87 €

 

 

 

 

Alexandria Portland Cemment Co

EGYPT

Clay Tax

2.346.860,00 €

Quarry Roylaties

908.776,00 €

Beni Suef Cement Co

EGYPT

Clay Tax

4.025.856,00 €

Quarry Roylaties

186.251,00 €

 

 

 

 

Cementi Antea Sha

ALBANIA

Extraction Fees

329.147,00 €

 

 

 

 

Titan America LLC

USA

Mitigation Taxes

3.764.793,00 €

 

 

 

 

SHARRCEM SH.P.K.

KOSOVO

Extraction Roylaties

285.091,00 €

 

 

 

 

Titan Cementarnica Usje A.D.

SKOPJE

Concession Fees

149.912,00 €

 

 

 

 

Titan Cementara Kosjeric A.D.

SERBIA

Concession Fees

108.234,00 €

 

 

 

 

ADOCIM A.S.

TURKEY

Quarry Fees

412.311,00 €

TOTAL

16.846.281,12 €